Deribit, the largest exchange of encryption options in the world, weighs into the American market, which is encouraged by what it deems to be a friendly regulatory climate during the administration of President Donald Trump, according to the Financial Times report.
Dubai -based stock exchange, which dealt with $ 1.3 trillion in the default size last year, “re -evaluating possible opportunities” in the United States, CEO Luk Strijers He said foot.
He cited “the recent shift towards a more appropriate organizational position on encryption in the United States” as major motives behind the decision.
The possible Deribit Plan for expansion in the United States comes amid reports that Coinbase is in advanced negotiations to obtain the platform.
In the March 21 report, Bloomberg said that the two companies informed the organizers in Dubai, where Deribit is licensed. If the deal is completed, the license must be transferred to Coinbase.
The move comes at a time when competitors such as KAKEN are growing in the area of derivatives, with its acquisition of Ninjatrader of $ 1.5 billion.
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The encryption companies are targeted to expand us
Deribit joins a growing list of European and Asian encryption companies that explore American expansion.
This shift comes after a period of organizational hostility during the Biden administration, after the FTX collapsed in late 2022.
This era witnessed an aggressive campaign from SEC and DOJ, prompting many companies to withdraw from the United States operations. However, the narration appears to be transformed during the Trump era, which pledged to “make the United States the capital of encryption in the world.”
Since Trump’s electoral victory, the Supreme Education Council has decreased or more than ten enforcement cases against encryption companies have fallen.
In addition, the Ministry of Justice recently announced the resolution of the cryptocurrency enforcement unit, indicating a more soft approach to the sector.
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This practical approach appears to promote industry confidence.
OKX, for example, announced plans to create an American headquarters in San Jose, California, just months after the settlement of a $ 504 million case with the American authorities.
On April 28, Nexo, who left the United States at the end of 2022, indicating that there was no organizational clarity, revealed that it re -introduced the US market.
DWF laboratories in Switzerland and Dubai are among the two main encryption players who have shown an interest in exploring American expansion.
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